KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) announced on September 18, 2026, that the previously disclosed rights offering is nearing its expiration date. The company stated that the subscription rights will expire at 5:00 p.m., New York City time, on September 23, 2026.
According to the filing, each subscription right issued to holders entitles the holder to purchase 3.885 shares of the company’s common stock at a subscription price of $1.49 per share. The offering is valued at $125 million and is backstopped by certain parties.
Trading of the subscription rights will continue on The Nasdaq Stock Market LLC under the ticker symbol “KLXER” until the close of trading on the expiration date. However, the filing notes that for shareholders whose common stock is held in brokerage accounts or is otherwise not registered directly with the company, the deadline to exercise rights with their respective brokerage firms may be earlier. Holders are advised to contact their brokers directly to confirm specific deadlines.
The rights offering was conducted pursuant to an existing effective shelf registration statement on Form S-3 filed with the SEC. Copies of the prospectus supplement and accompanying base prospectus were mailed to all holders on or about August 24, 2026, and are also available through the SEC’s website.
